Milk futures on the Chicago Mercantile Exchange lost some of the gains they had made earlier in the week, and cash markets were all over the place.
January Class III milk prices went down 19 cents to $19.54. February’s price is 13 cents less at $18.59. March fell six cents to $18.39. April is down 20 cents to $18.62. The contracts for May through July are 14 to 19 cents lower.
Dry whey is now $0.4150, up $0.01.
Blocks fell $0.0250 and are now worth $2.1350. From $2.1250 to $2.1350, three trades were made.
At $1.8575, barrels are down $0.01. At $1.86, one sale was made.
Butter unchanged $2.38.
At $1.3350, nonfat dry milk has gone down $0.0025. At that price, one sale was made.
The USDA’s dairy index for November was down 1.2% from October but up 24% from November 2021. The all-milk price was $25.60 per hundredweight, which was $.30 less than the previous month but $4.90 more than last year.
